Originally featured on BroadcastEngineering.com
IABM reports broadcast technology sales up 12 percent
According to the latest IABM Industry Index, sales in the broadcast technology market have increased by 11.9 percent year on year. Operating profit to sales for the market as a whole is now 12.6 percent, the highest figure since the index tracking began in 2006. The return for European companies continues to be much higher at more than 16 percent than the 9 percent achieved by companies in North America.
The IABM Industry Index tracks year-on-year change in overall sales and profitability for the global broadcast manufacturing and media technology sector worldwide by examining the latest reported financial data.
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